Today a 40-year market veteran sent King World News an incredibly important piece that warns time is now running out as Western governments prepare to steal money and other assets. This piece exclusively for KWN also discusses the final frightening path to the seizure of people's assets as well as what people can do to protect themselves.
April 6 (King World News) – This week promises to be a real barnburner. Not only do we have the looming conflagration in Greece, but the employment report released on Friday is going to add more fuel to the mix. Of course, there is always turmoil in the Middle East, which is coming very close to direct military conflict between the Saudis and the Iranians….
Continue reading the Robert Fitzwilson piece below…
The employment report should verify for everyone, other than the hardcore central bank groupies, that there is no global recovery. The U.S. economy has been held up as the shining star compared to other parts of the world. However, one by one, the various band-aids are losing their effectiveness and the statistical tricks used in the reports on the economy are being unmasked. Even mainstream media lies failed to suggest anything but disaster in the numbers reported.
Jobs Going To Those 55 And Over
Job creation was one-half of what is necessary just to keep up with population growth, let alone lead us out of what resembles a depression. What is most disturbing is that the jobs are going to people 55 and over. We understand why it is happening, but it reflects a tragic disconnect between generations (see chart above).
If sustained, this disconnect will inevitably lead to unrest and conflict between those with jobs and those without. Given the degree to which the education system has been gutted and bloated with economically useless teaching for all but the 1%, turning this around will take decades, if it can be done at all.
Disability Insurance Fund To Run Out Within 2 Years
The social safety nets have gone a long way to easing the suffering for those without work. However, much of the increase in program enrollment has been in the disability insurance category. The projection released this week is that the Federal disability fund is due to run out within two years (see chart above).
Filings For Disability Continue To Grow
Even that is an optimistic guess as the number filings for disability, instead of unemployment benefits, continues to grow (see chart above).
All To Be Funded With More QE
Our assumption is that the payments will not stop, and the U.S. Federal deficit will grow even larger. Given that the Fed conjured up $85 billion per month to buy Treasuries and mortgage-backed securities, shortfalls for the safety-net funds will likely be well covered. We should expect a component of a new form of quantitative easing to call for the outright direct payments to individuals paid for with the printing press.
Moving to the Middle East, the situation quickly becoming a disaster. With the overthrow of government of Yemen, we now have the two key waterways, through which much of the world’s sea-going commerce passes, potentially under control of the Iranians and their proxies. The price of oil is going to be exceptionally volatile until some form of stability returns. But for right now that does not appear to be on the horizon.
Greece is moving from the “interesting to see how this works out” stage to the “sweaty palms” moment. With the ECB positioning itself to grab the Greek bank deposits, it appears that brinksmanship on the part of the new Greek government is literally leading them as well as the rest of the world to the brink. We should know the outcome shortly.
We expect the resolution of this to be extremely hostile from both sides. The Greeks will be left with nothing and forced to go “cold turkey”. We have no doubt that they will endure and emerge at a later date, but the early stages will be brutal. For the ECB, this will be personal. They not only want their money back, but they will send a harsh message to other countries contemplating brinksmanship for favors, or their own exit from the euro and the obligation to repay debts. This is coming down to Russian roulette with a two-chamber revolver.
100 Years Of The Fed And Western Governemnts Set To Steal People's Assets
Volatility will be extreme for all investment markets. The confluence of 100 years of the Fed and the complete usurpation and distortion by the central bankers of all markets is coming home to roost. What we are seeing are the chess pieces being moved around the board by all interested parties, financial and geopolitical. It is a slow and inexorable shift from global markets and government to every man for himself. This zero-sum game will manifest itself in further unrest, conflict and the confiscation of assets by any means, legal or not.
Time Is Running Out
Investors need to immediately position themselves for these outcomes. They must eliminate counterparty risk, reduce debt, accumulate precious metals, and make sure the rest of their portfolios are in extremely solid companies. These are imperatives that should not be ignored for much longer because the time to move to safety is quickly running out. ***ALSO JUST RELEASED: The World Is Now Set To Enter The Most Chaotic And Destructive Economic Depression In History CLICK HERE.
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